A payment made to foreign government officials to ensure that they do what is expected given their job requirements can be characterized as a:
A. Bribe
B. Asset misappropriation
C. Facilitating Payment
D. Legal Payment
C. Facilitating Payment
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[APPENDIX] Debbie and Alex formed a new partnership. The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion. If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner?
a. Debbie—$45,000; Alex—$45,000 b. Debbie—$20,000; Alex—$10,000 c. Debbie—$60,000; Alex—$30,000 d. Debbie—$40,000; Alex—$20,000
The book value of an asset is equal to the ________
A) fair market value minus the accounting value B) original purchase price plus annual depreciation expense C) original purchase price minus accumulated depreciation D) depreciated value plus recaptured depreciation
Personal Wellness ? Jackie has been working for a local small business called Personal Wellness for the last three years. It is a retail business that sells sporting goods equipment. When she started to work there, she noticed several things that were possibly the cause of the business not doing as well as it hoped. Jackie has been thinking of starting her own small business because she feels she has learned much through working for Personal Wellness. ? Jackie's manager asked her to create a business plan for Personal Wellness. The manager hoped that this plan would put things into perspective to help the company do better. After creating the plan, Jackie suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company.
Jackie wants to make sure that her leaving does not become the cause of the company going under. Refer to Personal Wellness. A business plan should answer all of the following questions except A. "Which accounting firm will audit the company?" B. "What exactly is the nature and mission of the new venture?" C. "Why is this new enterprise a good idea?" D. "How much will the new venture cost?" E. "What are the entrepreneur's goals?"
Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. Investors in Flint's firm are earning nearly 15 percent on their shares. Flint has learned that the SEC is considering a proposed rule mandating salary studies for all publicly held firms. Flint has priced such studies and has estimates ranging from $27,000 to $40,000
Flint would like the SEC to understand his firm's position. Which of the following statements is true? A) Flint will need to hire a lawyer to present evidence to the SEC. B) Flint can challenge the rule only after promulgation. C) Flint's challenge must be made in court. D) Flint can simply write to the SEC to voice his concerns.